It's been a big year for CapcomAnd Saudi-based Electronic Gaming Development Company (EGDC) is buying a major stake in the company. Capcom is still fresh on the release of its latest hit, Resident Evil requestsBut the company has many titles, viz progenitor and Onimusha: Path of the SwordScheduled for the remainder of 2026.
Resident Evil requests It was one of the first major releases of the year, and it's already proven to be a huge success for Capcom, with the new entry in the beloved zombie action series breaking franchise sales records. Resident Evil requestsThe sales figure has hit an impressive 6 million copies in less than a month. Such a strong start to the year is good news for Capcom, and EGDC seems to have taken note of those numbers.
EGDC has purchased a 5.03% stake in Capcom, according to a report from Japanese news outlet GameBiz. A report was submitted to the Kanto Local Finance Bureau on March 13 confirming the stake claimed by EGDC in the company. This means that EGDC owns approximately 26,788,500 shares of Capcom. Crown Prince Mohammed bin Salman of Saudi Arabia owns EGDC through his Misk Foundation, a non-profit organization formed in 2011 that aims to focus on issues such as education, media, and culture.
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This isn't EGDC's first foray into gaming. Back in 2022, EGDC purchased 33.3% of SNK Corporation, as owners of game franchises. deadly fury, The King of Fightersand metal slug. By 2022, EGDC had managed to acquire 96.18% of SNK Corporation. It is important to note that EGDC is not a Saudi Arabian investment firm that has invested in EA as a public investment fund (PIF). Saudi Arabia's investment in gaming has been on the rise lately, and Capcom is unlikely to be the last major publisher and developer to be bought by firms like EGDC and PIF.
The recent deal between EA and PIF was one of the biggest gaming stories of the past year.
EGDC has a significant 5.03% stake in Capcom, but EA's purchase of PIF turned a lot of heads last year. The deal is worth an estimated $55 billion, making it one of the largest company acquisitions in gaming history. If the deal actually goes through, Saudi Arabia will own the majority of EA with about 93.4%. The transaction is expected to close around Q1 2027, but is also subject to regulatory approvals.
Many of PIF's gaming investments are owned directly through the firm's subsidiary, Savvy Games Group.
PIF also has a 5% stake in Capcom. The firm bought back the company in 2022. Since PIF has already invested in big gaming companies like Nintendo, Embracer Group, and Take-Tu Interactive, it will be interesting to see if EGDC also decides to buy shares in these companies. There has been much controversy surrounding Saudi Arabia's investment, particularly with allegations that the PIF is responsible for human rights abuses.
As the year continues, it will be interesting to see if either EGDC or PIF buys into any more gaming companies. Despite issues such as major layoffs and game cancellations, the industry continues to grow rapidly. The COVID-19 pandemic threw a wrench in progress, but many developers and publishers have managed to bounce back from it. Now that Sony and Microsoft are discussing next-gen consoles like the latter's Project Helix, and looking to the future, investment firms like PIF and EGDC are taking a closer look at the industry.
Source: GameBiz
